Liquidity breakthrough and new record volumes

London, 10 May 2010

N2EX, the UK power market set up by NASDAQ OMX Commodities and Nord Pool Spot, saw liquidity breakthrough and record trading in the prompt market last week.

The surge in volume is a result of a concerted effort by the core members to move the UK prompt market over to an exchanged traded and cleared market.

”The members of N2EX have taken this initiative and they have shown their intent to move volumes to the new UK power market. We appreciate that the members are actively trading through N2EX – this has been our goal from the start”, says Hans Randen, trading director, Nord Pool Spot.

The total cleared volume on Friday 7 May 2010 was 178 GWh; 163 GWh trading in the prompt market and 15 GWh from three days’ of trading on the day-ahead auction (Friday 7 May to Sunday 9 May).

The total volume for the week was 401 GWh and from the launch in January until last week, the total volume was 1 925 GWh. The total value in the same period was £ 69 million.

Geir Reigstad, senior vice president, NASDAQ OMX Commodities, says “I am delighted with the progress on N2EX, and the commitment being shown by our members towards clearing. We believe the advantages of a central counterparty will benefit all participants in the UK wholesale power market in the long run.”

Members N2EX:
E.ON Energy Trading SE, RWE Supply & Trading GmbH, Statkraft Markets GmbH, Vitol S.A, Royal Bank of Scotland PLC, EDF Trading Ltd., SSE Energy Supply Ltd., Morgan Stanley Capital Group Inc., Merrill Lynch Commodities Ltd., Deutsche Bank AG, Danske Commodities A/S, Gazprom Marketing & Trading Ltd., First Hydro Company and Accord Energy Limited.

For further information, please contact N2EX:
 

Geir Reigstad, senior vice president,NASDAQ OMX Commodities, phone +47 9084 6735

Hans Randen, trading director, Nord Pool Spot, phone +47 9202 1326

Press contact: Thomas Skålnes, corporate communications, NASDAQ OMX Commodities,
phone +47 6752 8057/+47 9340 7300

Siw Hauge, director communications, Nord Pool Spot
phone + 47 9061 5992

About N2EX

N2EX is the name of the UK power market offering from NASDAQ OMX Commodities and Nord Pool Spot. NASDAQ OMX Stockholm AB is the authorized clearinghouse. The web site, www.n2ex.com, provides market information and documentation for the UK power market.

About NASDAQ OMX Commodities

NASDAQ OMX Commodities is the brand name for offerings related to commodities within the NASDAQ OMX Group, Inc and is not a legal entity. NASDAQ OMX Commodities provides access to the world’s largest power derivatives exchange and one of Europe’s largest carbon markets, through Nord Pool ASA. NASDAQ OMX Commodities also provides clearing services through NASDAQ OMX Stockholm AB and its Norwegian branch NASDAQ OMX Oslo, acting as an authorized clearinghouse. NASDAQ OMX Commodities has more than 385 members from 22 countries covering a wide range of energy producers, consumers and financial institutions. For more information about NASDAQ OMX Commodities, visit www.nordpool.com and www.nasdaqomx.com/Commodities

About Nord Pool Spot

Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 287 TWh representing a value of EUR 10.8 billion. For more information, visit www.nordpoolspot.com.

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